Key Points
- Qualcomm CAO Patricia Grech sold 829 shares on May 21 at an average price of $201.77, totaling about $167,267. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The company recently reported better-than-expected quarterly earnings, with EPS of $2.65 versus the $2.56 consensus, while revenue came in at $10.60 billion and was slightly below the prior year. Qualcomm also guided Q3 2026 EPS at 2.10 to 2.30.
- Qualcomm increased its quarterly dividend to $0.92 per share from $0.89 and has an active $20 billion share repurchase program. The stock’s consensus analyst rating remains Hold with an average price target of $181.79.
Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) CAO Patricia Grech sold 829 shares of the company's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Qualcomm Stock Performance
Shares of Qualcomm stock opened at $213.41 on Friday. The business has a 50-day moving average price of $152.74 and a two-hundred day moving average price of $158.33. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $247.90. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The company has a market cap of $224.93 billion, a P/E ratio of 23.20, a PEG ratio of 25.08 and a beta of 1.49.
Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the previous year, the business earned $2.85 EPS. The firm's revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current year.
Qualcomm Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.7%. This is a boost from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm's payout ratio is presently 40.00%.
Qualcomm declared that its board has initiated a share repurchase program on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on QCOM. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $160.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. Evercore set a $179.00 price target on shares of Qualcomm in a research note on Thursday, April 30th. Sanford C. Bernstein reiterated a "market perform" rating and set a $140.00 price objective (down from $175.00) on shares of Qualcomm in a report on Thursday, March 26th. HSBC began coverage on shares of Qualcomm in a research report on Friday, May 8th. They set a "buy" rating on the stock. Finally, Zacks Research upgraded Qualcomm from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. Fourteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $181.79.
Read Our Latest Stock Analysis on Qualcomm
Institutional Trading of Qualcomm
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Qualcomm by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock valued at $19,524,350,000 after buying an additional 647,076 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after acquiring an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP lifted its position in Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after acquiring an additional 4,290,622 shares in the last quarter. Norges Bank acquired a new position in Qualcomm during the 4th quarter valued at about $2,591,056,000. Finally, Amundi increased its holdings in Qualcomm by 9.9% during the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock worth $2,136,486,000 after purchasing an additional 1,138,541 shares in the last quarter. Institutional investors own 74.35% of the company's stock.
About Qualcomm
(
Get Free Report)
Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.
The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.
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